FRC

17 April, 2018

‘Root and branch’ review of FRC launched by government

A “root and branch review” of the UK’s accounting and finance regulator is to be led by former Treasury head Sir John Kingman. The Financial Reporting Council (FRC) will have its governance, ...
City of London, audit

11 April, 2018

Watchdog to step up monitoring of largest audit firms

A watchdog is to step up its monitoring of the UK's six biggest audit firms, in particular their leadership arrangements. The Financial Reporting Council (FRC) said that among a collection of five ...

9 April, 2018

Big Four auditors could face £10m fines under new sanctions

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28 March, 2018

Gove told financial regulators should get tough on climate risk reporting

Climate change reporting must be embedded into UK regulators’ remit, a parliamentary committee has recommended to environment secretary Michael Gove MP. The key finance bodies—the Financial Con...
Carillion

20 March, 2018

Former FDs at Carillion face probe over financial statements

Two finance directors are to be investigated for their conduct in preparation of financial statements at the collapsed construction giant Carillion. Zafar Khan and Richard Adams, both former group ...
Big Four, PwC, Deloitte, EY, KPMG

16 March, 2018

Regulator seeks audit market probe into Big Four domination

One of the UK's senior governance regulators has held meetings with a view to launching an inquiry that would examine whether the Big Four accounting firms should be broken up to create audit-only pro...
corporate governance, governance codes

12 March, 2018

Time for a governance rethink: enforced compliance or not?

Are we getting corporate governance right? The end of last year saw another iteration of the UK’s Corporate Governance Code. The consultation w...
corporate governance code

21 February, 2018

Could a revised governance code offer broader scope?

Just when it might seem that corporate governance debacles were receding into the past, along come two more as reminders that confidence in business can be fragile. Events at Persimmon (...
Compliance, regulation

13 February, 2018

Compliance: take it or leave it

Compliance may mean meeting legal or regulatory obligations, but in a corporate setting, compliance is viewed as a cost from both a people and a financial resource perspective. “Essent...
Magnet, shareholders, stakeholders

12 February, 2018

A very strategic engagement: stakeholders and long-term value

Everyone is talking about them, but who or what are they? The term “stakeholder” is a catch-all shorthand for all those who can in any way affect, or be affected by, the fortunes and...